7th Mar 2006 07:02
GVM Metals Ltd07 March 2006 FOR IMMEDIATE RELEASE 7 March 2006 GVM METALS LIMITED ("GVM", "GVM Metals" or the "Company") ISSUE OF SHARES Set out below is the text of an announcement made on the Australian StockExchange ("ASX") by GVM Metals today. Application will be made for the new shares, which will rank pari passu with theexisting shares, to be admitted to trading on AIM. 7 March 2006 Announcements OfficeAustralian Stock ExchangeLevel 1020 Bond StreetSydney NSW 2000 By Electronic Lodgement Private Placement The Directors of GVM are pleased to announce a capital raising of $350,000 bythe issue of 1,400,000 fully paid ordinary shares at 25 cents each. Thisplacement has been made to sophisticated and professional investors. The issuefalls within the Company's capacity to issue securities under ASX Listing Rule7.1 and is made pursuant to Section 708 of the Corporations Act. An Appendix 3B applying for quotation of these shares accompanies thisannouncement. Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the CorporationsAct 2001 ("Act") The Act restricts the on-sale of securities issued without disclosure, unlessthe sale is exempt under section 708 or 708A of the Act. By giving this notice,a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act. The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that: (a) the Company issued the Shares without disclosure to investors underPart 6D.2 of the Act; (b) as at the date of this Notice, the Company has complied with theprovisions of Chapter 2M of the Act as they apply to the Company, and section674 of the Act; and (c) as at the date of this Notice, there is no information: (i) that has been excluded from a continuous disclosure notice inaccordance with the ASX Listing Rules; and (ii) that investors and their professional advisers would reasonably requirefor the purpose of making an informed assessment of: a. the assets and liabilities, financial position and performance,profits and losses and prospects of the Company; or b. the rights and liabilities attaching to the relevant Shares. The Company wishes to advise negotiations to acquire further coal miningproperties continue to progress and the Board believes the Company will be in aposition to make an announcement regarding the outcome of these negotiations inthe next 3 to 4 weeks. Yours sincerely, Simon Farrell Managing Director" This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MCM.L